WHEREAS it is provided by section 3(1) of the Provisional Collection of Taxes Act, Chap. 74:01 (hereinafter called 'the Act') that where proposals for general or supplementary appropriation of public funds are made to the House of Representatives and are embodied in an Appropriation or a Supplementary Appropriation Bill, the President may, for the purpose of raising revenue to meet the expenditure specified in any such Bill, by Order, provide for the imposition of a tax or the variation of an existing tax and from the date of the publication of the Order in the Trinidad and Tobago Gazette, the tax as imposed or varied shall be payable;
AND WHEREAS it is provided by section 3(5) of the Act that an Order varying an existing tax shall cease to have effect if the Order is not confirmed with or without modifications, by a resolution agreed to by the House within the next twenty-one days after the commencement of the Order;
AND WHEREAS the Provisional Collection of Taxes Order, 2016, (hereinafter referred to as 'the Order') made under section 3 of the Act, provided for the variation of taxes in the written laws mentioned in the Order to the extent and in the manner set out therein, for the purpose of raising revenue to meet the expenditure specified in the Bill entitled 'An Act to provide for the service of 2 Trinidad and Tobago for the financial year ending on the 30th day of September, 2017';
AND WHEREAS the Order was published in the Trinidad and Tobago Gazette as Legal Notice No. 163 of 2016 on the 19th day of October, 2016 and commenced on the 20th day of October, 2016;
AND WHEREAS it is expedient to confirm the Order:
BE IT RESOLVED that the Provisional Collection of Taxes Order, 2016 be confirmed.
(By Minister of Finance)
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